39. NET INCOME (LOSS ) FROM DISCONTINUED OPERATIONS

The net loss of euro 223,840 thousand for discontinued operations at December 31, 2010 consists of euro 247,988 thousand for the loss accrued following spin-off of the real estate activities of Pirelli RE (now Prelios S.p.A.), which concluded in October 2010, and for a positive amount of euro 24,148 thousand to the sale of the Broadband Access operating business unit, which took place in November 2010.